Fundamental drivers:
-Safe haven flows -> trade war fears pressuring equities, negative sentiment
-Hawkish FED
-Positive economic surprises from the US
-Carry trade
-Retail traders position: USD short (myfxbook EURUSD 67% long)
Cons:
- Trade war fears might deescalate -> big relief rally
-Safe haven flows -> trade war fears pressuring equities, negative sentiment
-Hawkish FED
-Positive economic surprises from the US
-Carry trade
-Retail traders position: USD short (myfxbook EURUSD 67% long)
Cons:
- Trade war fears might deescalate -> big relief rally